CHIS News and Press, Global X Funds MSCI China Consumer Staples From 08/29/23

2023-08-29 12:50:00 ET Summary Fed Chair Jay Powell delivered a largely hawkish message. But I believe those comments were mainly for show - I don’t expect the Fed to hike rates again. ECB President Christine Lagarde said that central bankers need to talk about forecasts in...

2023-08-23 12:30:00 ET Summary The sovereign credit spreads on the U.S. really ballooned out. While it got resolved this time, it does make the markets more jittery. Each time it happens, it's a cumulative effect. And that is certainly not good for the reserve currency because reserve...

2023-08-23 02:38:20 ET Summary China's economic troubles, including the Evergrande bankruptcy, could lead to a global credit collapse. The Chinese government is in a difficult position, trying to revive the economy while defending the yuan. Short-term investors may find opport...

2023-08-22 13:30:00 ET Summary S&P Global Market Intelligence's global real GDP growth forecast for 2023 has again edged higher, primarily owing to upward revisions to the US forecast. The US Federal Reserve is forecast to deliver at least one additional 25 basis point policy ...

2023-08-22 07:00:00 ET Summary We have seen Chinese real estate and wealth management issues in years past, and they never came to a hard landing. China has once again slipped into deflation. The latest year-over-year inflation rate was -0.3%. A Chinese devaluation would be pa...

2023-08-22 05:30:00 ET Summary Chairman Powell keeps reassuring us that the Fed is "data-dependent," but what do they do if some data is unclear or even flawed? There is a conflict between the ADP jobs data and the Labor Department's "seasonally adjusted" jobs data. In recent mont...

2023-08-21 21:00:00 ET Summary We believe the slowdown in inflation will likely be a drag on top line growth and a potential risk to operating leverage for companies, as real wages are still increasing amid a tight labor market. As long yields rise, this reversion of the yield cur...

2023-08-19 02:40:00 ET Summary Since January, China’s economic slump has led investors to turn away from investments with high exposures to Chinese economic growth, in favor of assets which can provide a hedge to China’s disappointments. India’s domestic polic...

2023-08-18 21:35:00 ET Summary The main event for next week will be the Kansas City Fed’s Jackson Hole Symposium. As the ECB is poised to continue delivering more rate hikes to combat inflation, the risks of a hard landing are growing. Next week is mostly about the UK f...

2023-08-18 03:07:00 ET Summary China's residential property market is currently experiencing a significant downturn that has far-reaching implications for the global metals market. If there is no offsetting demand to counter the structural decline in demand from residential constr...